BOBDEN VILLAGE PRE scH￿L LIMITED TATEMENT OF ACCOUNrs FOR THE YEAR ENDED 31" AUGUST 2021 ¥A8BLMIG)* 0110912022 C014P*NIES HOUSE #111 BORDEN VILLA E PRE SCHOOL LIMITED FtNANCIAL TA FOR THE YEAR ENDED 31° AUGUST 2021 coNrENTS Page twl and Adminislrative InfoTmation 2to3 TnL8t￿, Report Independent Examiners Ret 5106 Ststement of Financial Adivities and Bal#n¢e Sheet 7t013 Not¢s to the Financial Statements BORDEN VILLAGE PRE SCHOOL LLMITED LEGAL AND ADMtNISTRATtVE tNFORMATI FOR THE YEAR ENDED 31° AUGUST 2021 CHAIUTY REGISTRATION NUMBER 1139270 COMPANY REGISTRATION NUMBER (KA98853 REGISTERED OFFICE 207 London Road SittingtrA)urne Kent MEIO IPA TRUSTEES Jack V Barbary COMPANY SECRETARY Jack V Barbary INDEPENDENT EXAMINER Richard Dale MAAT IL A. Dale Accounting Ltd 207 London Road Sittingixjurne K¢nt MEIO IPA BANKERS Barclays Bank PIC 81 High Street Sittingix)urne Kent BORDEN VILLAGE PRE SCH OL LIMITED TrUSTE ' REPORT R THE YEAR ENDED 31° AUGUST 2021 The trustee and sole member (who is also lh¢ direaor of the charitable company for the puwes of company law) presents his annual rep¢￿t together with the financial statements of Borden Village Pre- School Limited (the charitable company) for the year ended 31° August 2021. The ttustee confirnis that the annual report and financial statements of the chatitable company comply with the current statutory requirements, the requirements of the charitable company's governing documenl and the provisions of the Statement of Recommended Practice (SORP). applicable to charities prepartng their accounts in accordance with the Financial Rep)rtin8 Standard applicabl¢ in th¢ UK and Republic of Ireland (FRS 102 Section IA) (effective 1° January 2015). STRUCTURE, GOVERNANCE AND MANAGEMENT ON TITUTION The charitable company is registered &s a charitable company limited by guarantee and was set up by a Memorandum and Articles of A&wciation on I l February 2(K18 and became a registered charity on 7 DecemFKr 2010. The ￿fe￿nce and adxninistration inf0m￿tion is set out on page l of the financial ststerncnts. TIIE DIRECTO IVHO IS AUSO THE SOLE TRUS7EE OF THE cOmPA￿y N THE YEAR I ARBARY. During the year, th¢ T[￿St¢e was the sol¢ Member of th¢ compwjy? his interests b¢ing non-ben¢ficial. Th¢ TNst¢e received no remuneration in respect of his seTvices, but was entided ￿ Claim ¢¢rtain expenses. The Board may consist of not less than l and ther¢ is no maximum. METHOD OF AppoffftiENf OR ELEcfioN OF TrUSTEES The managemeni of the charitsbl¢ company is the ￿¢S￿nsibility of the trustee who has been ¢lected and Co-opted under the ternis of the Memorandum and Articl¢s of Association. Ai thi5 time th¢ appointrn¢nt of fiwther trustccs is IKing look¢d into. POLICIES ADopfED FOR THE INDUCTION AND TRANNG FTR ST The trustee has been chosen with a view of his providing the charitable comwy with a range of skills expedient to development and management of the nlnning of the Bord¢n Village Pre-school. ORGANISATION STRUCTURE AND DECISION MAKING The cha￿table company is r¢lying upon the guidanrc issued by the Chariti¢s Commission in relation to decision tnaking. There is no formal scheme for trdining tr￿st￿$ but th¢ charitable company has undertaken a revtew durtng the year of the trvstees. requirements. RJSK AsSESSmE￿r The ￿￿te¢ has assessed the major risks to which the charitable ¢ompJny is ¢xposed in parti¢ular those related to the operations and fu)an¢¢s of the ¢baritsble company. and are satisfied that systems and PToreduT¢S ar¢ in place to mitigatr exposure to the major risks. OBJECTtVES AND AcrtVlTILS The objects and activities of thc chatitsble company are to establish or secure the ¢stablithm¢nt of a pr school and to matntain and man¥ge the same (wheth¢r 31one or in co-operntion with any staiutory authority or other person or body) in furtherance of the objects. BORDEN VILLA E PRE SCH L LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31" AUGUST 2021 ACHIEVEMENTS AND PERFORMANCE The Presthwl. as it alway5 h4 plays an imtA)rtant role within the Borden P￿Ish Having ststed las¢ ye& that it had been the "most difficult year since opening" we did not foresee yel another very difficult Our industry continues to lose staff in droves. Although this is no new thing it gets worse every year. We are extremely lucky to have kept a]1 members of stsff and have added two new PractitiOn￿S of a very high calibre indeeiL As stated last year we have seen a significant rise in the numE*r of children with learning difficulties. This has again risen year on year and creates its oi*m difficultie& The net income received during the year amounted 10 £121849 with expenditure amounting 10 £142%2. resulting in a loss foT the year of £21113. Totsl fund5 available as at the ¢1￿ of the acwuniing period amounted to £1549(K) of which £91204 wer¢ available as wvestricted fimd8. FUTURE DEVELOPMENTS W¢ hope we can maintain our rol¢ in the community. Having recrnited two new members of staff we feel we can ￿ve all th¢ ¢hildr¢n the early education they need and deserv It is our intention to ty and allow th¢ JoiT)t Managers more tim¢ to ci)ncentrate on the masses of paperwork we have to de81 with. FINANCIAL AcftvrrAES The charity's financial position is shown on pages S & 6. RESERVES Our aim is to creat¢ unrestricted ￿eS equivalent to six month's exF¢nditurt. This is to ensure the charity's activities can continue as a result of any unf was fully attributable to unrestricted fimds during the curr¢ni and Previo￿ a¢¢ounting periods. 4 TRADfNG EXPENDITURE School unifom School phoios 467 510 977 Expendits￿e on trading expenditure amounting ￿ £0 (2020: £977} was fvIIy attributsble to unrestricted funds during the cu￿ent and previous accounting renods. BORDEN VtLLAGE PRE SCHOOL LIMITED NO THE FtNANCIAL STATEMEN R THE YEAR ENDED 319 AUGUST 2021 5 SUPPORT STS Unrestricted Restricttyj 2021 Funds Funds Totsl 2020 Totsl Light and heat Wat¢r rates Insuran¢e Telephone and internet Printing. postage and ststionery Travel and entertainm¢ni Furnitur¢ and equipment Repairs and maintenance Stsff training Childcare supplies Cleaning Depreciation Subscripiions and advertising Legal charges and Interest (Profityloss on disposal of fixed assets Sundry exp¢[￿e$ 1479 352 1479 352 1302 171 1157 1695 1202 172 618 3959 787 1813 1210 1866 34 821 4189 242 3276 6919 4022 1524 737 1210 1866 34 821 4189 242 3276 6919 23333 1524 737 19311 22254 3605 2326 2326 1204 30089 19311 49400 42163 Support ¢osts during the year amounted to £494￿ (2020= £42163) of which £19311 (2020: £19311) was attributabl¢ to restricted and £30089 (2020: £22852) was allributhble to unrestri¢*d fvnds. 6 GOVERNANCE COSTS 2021 2020 Independeni examination Bank Charges 1560 1320 86 14 7 STAFF COSTS 2021 2020 The aggregate staff costs were a5 follows: Wages and salaries Social securty Costs Employers pension ¢ontribution5 85972 523 1418 87913 83972 1230 1466 86668 No employee received emoluments (excluding employers pension costs) of more than £60,000 (2020- nil) Th¢ av¢rdge number of ¢mployees during the year cakulated on the basis of full time equivalent was as follows: 2021 2020 10- ORD LA EPRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31° AUGUST 2021 TEE KEY MANA REMUNERATION AND EXPENSE The trustee and key management p¢rsonnel neither received nor waived any remunerntion during th¢ year (2020.. £nil). The trust¢¢ did not have any ¢xp¢tws reimbursed during the year (2020: £nil). The tharity consider5 its key management petsonnel comprise of th¢ Tn￿ee. 9 TANGIBLE FIXED ASSET Fumiture. fittings & ui ment Computer & office ui ment Leasehold buildin Plant& Machine Total At 1st SePteM￿r 2020 Additions Disposals 305430 11877 3699 411 321417 7694 At 3 1st Au8USt 2021 17477 5793 411 329111 DEPRE IATION At 1st Septemkr 2020 Charge for the Year Eliminated on disposals 178051 20777 6342 1670 2929 840 273 46 187595 23333 At 3 1st August 2021 198828 8012 3769 319 21 92 KVAL At 3 Ist August 2021 106602 9465 92 At 3 1st August 2020 127 79 77 133822 EBT 2021 2020 Prepayments and accrued incomc Other debtors 2932 2778 447 225 2932 DIT 202 2020 Trade ¢r¢ditors Awruals and deferred income Taxation and social security Pension control 990 18822 1412 63 21862 354 4783 238 247 BORDEN VILLAGE PRE SCHOOL LIMITED NOTES TO THE FINANCIAL TA FOR THE YEAR ENDED 31° AUGUST 2021 12 EFERJiED fNCOME 2021 2020 As at I September Amounts deferred in year As at 31 August 14217 14217 13780 13780 Income received from KCC ha5 been defetTed ￿ it relates io the following yew. 13 ANALYSIS OF NET ASSETS BETWEEN FUNDS General Restricted Total Tangible fixed assets Current assets Current liabilities Net &wts as at 31° August 2021 54487 58579 21862 91204 63696 118183 58579 21862 154900 14 RESTRicfED FUNDS Balan￿ at 01109QO Incoming Resources Transfers Bal8￿CeS at resources expended 31108lll Building D¢velopment Fund 78524 Block Paving Playground Fund 4483 3007 18715 596 19311 59809 3887 63696 Buildin Develo ment Fund A fund created from funds prirnarily from Kent County Council to create a new purpose built Pre School. Block Pavin Pla ound Fund A ￿nd created from fimds primarily from Geor8¢ Webb Finn and The Borden Parish Council to creat¢ a new block paving playground. 15 TAXATION The company is a registered charity and not subject to corwration tax on its charitable income. 16 CAprrAL COMMtTMENIS The charity had no capitsl commitrnents as at 31° AugiLSt 2021. 12 17 FINANCIAL COMMtTMENrs At 31° AugiLSt 2021 the company had annual c(Jmmitments under non•cancellable operating lease agreements &8 follows.. 2021 2020 Expiry d￿e." Not later than one year Later than one and not later than five years Later than five yeats 16(XM) 16000 ioooo 30000 260(M) 18 RELA D PARTY TRANSACTIONS During the year the wife of the trustee Jack Barbary was an employee of the charitable company. her gross pay and employer NIC and Pension contributions tothll¢d £28474 (2020- £25261) 19 PENSION The charitable company opera￿S a defined contribution pension scheme for the benefit of its employets. Contributions payable are charged to the profit and lo&s account in the period in which they are payabl¢. 20 LIABILITY OF MEMBERS The Cornpany is lirnited by guaraniee. havinB no share capitai and in the tetms of the Memordndum of Association th¢ member of the company undertakes to contribute to the assets of the COMp￿Y in the event of it being wound up he is a member, or, within one year after he ceases to be a member. such amount &8 may be r¢quired not exceeding £10. 13-